HWCIX Fees and Costs — Hotchkis and Wiley Large Cap Disciplined Value Fund, Class I
Data updated: 2026-09-10
The net expense ratio is 0.81%: a 0.70% management fee plus 0.30% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0324% of average net assets, and portfolio turnover was 48%.
HWCIX Fees and Expenses
Annual operating expenses and sales charges of HWCIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HWCIX Costs Over Time
On $10,000 invested in HWCIX, assuming 5% a year before costs, total costs come to $529 over 5 years, cutting the return by 0.88% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $529 |
| Value after costs | $10,412 | $11,286 | $12,234 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
HWCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0324%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $12K (0.015% of average net assets)
HWCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $6K | 28.30% |
| RBC CAPITAL MARKETS LLC | $3K | 16.96% |
| JEFFERIES LLC | $3K | 13.76% |
| KEEFE, BRUYETTE & WOODS, INC. | $3K | 13.04% |
| UBS SECURITIES LLC | $1K | 6.52% |
| LOOP CAPITAL MARKETS LLC | $1K | 6.27% |
| COWEN AND COMPANY, LLC | $1K | 5.13% |
| SANFORD C. BERNSTEIN & CO. LLC | $722 | 3.55% |
| WELLS FARGO SECURITIES LLC | $668 | 3.28% |
| ROTHSCHILD & CO US INC. | $652 | 3.20% |
Hotchkis and Wiley Large Cap Disciplined Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HWCIX | Class I | 0.81% | none |
| HWCAX | Class A | 1.06% | 5.25% |
| HWCCX | Class C | 1.80% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.